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News about Mortgages:
Fewer foreclosures despite mortgage trouble - Press-EnterpriseFewer foreclosures despite mortgage troublePress-EnterpriseForeclosure activity in Inland Southern California and the nation declined in February, compared to a year earlier, which may reflect the ...and more »
Permanently modified mortgages grow by 45%, government says - Los Angeles TimesABC NewsPermanently modified mortgages grow by 45%, government saysLos Angeles TimesThe Los Angeles-Orange County area had 5.9% of the program's trial and permanent modifications, second only to the New York City area's 6.1%. The Inland ...Permanently modified mortgages grow by 45%, government saysLos Angeles Timesall 381 news articles »
5 states rush plans for $1.5B in housing funds - The Associated PressTampa Tribune5 states rush plans for $1.5B in housing fundsThe Associated PressCalifornia's Housing Finance Agency, for example, is looking at areas of the state that have been hardest hit, like the Central Valley and Inland Empire ...Report: States rush plans for federal fundingCredit.com Newsall 189 news articles »
Home sales down in Inland region - Press-EnterpriseLos Angeles TimesHome sales down in Inland regionPress-EnterpriseWith prices and mortgage interest rates this low, the cost of ownership is about as low as we've seen it in decades," said John Walsh, MDA DataQuick ...February housing prices reboundSan Diego Union Tribuneall 101 news articles »
Inland Bank and Trust Hires New Mortgage Banking Team to Expand Residential ... - Earthtimes (press release)Earthtimes (press release)Inland Bank and Trust Hires New Mortgage Banking Team to Expand Residential ...Earthtimes (press release)OAK BROOK, Ill. - (Business Wire) Inland Bank and Trust announced today that its wholly-owned subsidiary, Inland Home Mortgage Company, LLC recently hired ...New Bank of Utah Mortgage Lending Office Hosts Green Ribbon CuttingReal Estate News Utahall 8 news articles »
Pacific Mercantile Bancorp Announces the Election of George L. Argyros to Its ... - CNNMoney.com (press release)Pacific Mercantile Bancorp Announces the Election of George L. Argyros to Its ...CNNMoney.com (press release)Our San Diego financial center is located in La Jolla and our Inland Empire financial center is located in the city of Ontario, visible from the Interstate ...and more »
Home sales dip, prices rise in Bay Area - San Francisco ChronicleLos Angeles TimesHome sales dip, prices rise in Bay AreaSan Francisco Chronicle"Over half of the resales (then) were foreclosures, and the less expensive inland counties had an unusually high portion of the sales. ...Bay Area Real Estate Sales Slip Back In FebruaryNuWire Investorall 188 news articles »
Sacramento-area home sales dismal in February - Sacramento BeeSacramento-area home sales dismal in FebruarySacramento BeePrices rose 10 percent in the Los Angeles, Inland Empire and San Diego region. DataQuick analyst Andrew LePage said the high-end markets there have awakened ...
Squatters in their own house: When banks don't foreclose - Washington PostSquatters in their own house: When banks don't forecloseWashington PostAnd with a glut of inventory in places like Southern California's Inland Empire, Nevada and Arizona, lenders are loath to depress housing prices further by ...and more »
Jumbo mortgage market is beginning to thaw - Los Angeles TimesLos Angeles TimesJumbo mortgage market is beginning to thawLos Angeles TimesBut the bank still requires higher down payments in the Inland Empire and other battered housing markets such as Florida, Nevada and Arizona, where prices ...and more »
Today's Mortgage Terms starting with D
Default: Failure to fulfill legal obligations of a contract, including failure to make payments on a loan.
Discounted Loan: When the note rate on a loan is lower than the market rate, it is a discounted loan.
Discount Point: A point paid to the lender to permanently lower or acquire down an interest rate. Money must be paid up front to lower the rate.
Down Payment: The amount of cash you must pay down initially for the purchase of your home. For conventional loans, you should aim for a down payment that's at least 20% of your home's value. The reason is lenders generally do not require private mortgage insurance with a down payment of at least 20% of your home's purchase price.
View all Terms